1/7) BTC can never serve the world as a Store of Value with a flawed long term security model
The idea that BTC security can be maintained with sustained high TX fees is non-viable
Without security & utility, BTC fails as an SoV, unlike ETH which exceeds BTC in all atributes
The idea that BTC security can be maintained with sustained high TX fees is non-viable
Without security & utility, BTC fails as an SoV, unlike ETH which exceeds BTC in all atributes
2/7) It takes centuries for an SoV to truly become established in society, based on its utilitarian & Aristotelian money attributes
Atributes which BTC no longer possesses, especially in the face of the competition
BTC does not exist in a void, it has to compete, evolve or die
Atributes which BTC no longer possesses, especially in the face of the competition
BTC does not exist in a void, it has to compete, evolve or die
3/7) Maximalists act as if BTC's decade old history can never be overcome by competitors
While attempting to overcome the multiple millennium history of gold
Abandoning the much larger & more significant market that Bitcoin was created to compete with:
Modern fiat currency
While attempting to overcome the multiple millennium history of gold
Abandoning the much larger & more significant market that Bitcoin was created to compete with:
Modern fiat currency
4/7) Modern fiat currency has existed for less then a century
Before fiat, we used commodity currency for the majority of human history
True cryptocurrency embraces this revolutionary aspect; combining SoV & money
Just like the historical use of gold as a commodity currency
Before fiat, we used commodity currency for the majority of human history
True cryptocurrency embraces this revolutionary aspect; combining SoV & money
Just like the historical use of gold as a commodity currency
5/7) Forming an unbeatable synergy in digital form
BTC has long since abandoned this original vision, which is why I left after the blocksize debates
Ethereum & almost all BTC competitors have adopted Bitcoin's original vision
While BTC still denies its roots as P2P cash:
BTC has long since abandoned this original vision, which is why I left after the blocksize debates
Ethereum & almost all BTC competitors have adopted Bitcoin's original vision
While BTC still denies its roots as P2P cash:
6/7) BTC is the only cryptocurrency that considers low capacity & high fees a positive feature, requiring the utmost of vigor in ideological defense
During the blocksize debates, I realized that this would slow down mass adoption by atleast a decade
Neccesitating a flippening
During the blocksize debates, I realized that this would slow down mass adoption by atleast a decade
Neccesitating a flippening
7/7) The cryptocurrency market has to now overthrow the incumbent before it can truly thrive again
It is better to swallow that bitter pill now, as opposed to extending the pain, by propping up what has become a fundamentally flawed asset & network
That is doomed to fail anyway
It is better to swallow that bitter pill now, as opposed to extending the pain, by propping up what has become a fundamentally flawed asset & network
That is doomed to fail anyway